The yuan has consistently been falling, made clear by this candlestick chart that shows most days closing near the low (in terms of RMB, it appears high because this chart is USD/CNY) for the day.
Below the chart is the renminbi prices at various banks. The second and fourth boxes from top to bottom are the bid and offer at various large banks.
The Bear Market Rally Of Oct22-Mar24 Is Over
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The bear market rally which began on October 13, 2022 with an intraday low
of 3,492 topped on March 28, 2024 with an intrday high of 5,265. From top
to bot...
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